Refer to the figure above. The deadweight cost of the tariff equals

The income elasticity of demand is the percentage change in ________ divided by the percentage change in ________

A) the price; income B) the quantity demanded; income C) income; the quantity demanded D) income; the price

By drawing a demand curve with ________ on the vertical axis and ________ on the horizontal axis, economists assume that the most important determinant of the demand for a good is the ________ of the good

A) quantity; price; quantity B) quantity; price; price C) price; quantity; price D) price; quantity; quantity